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After the first transaction on Monday, which was a sale of 1000 shares, everything else has been a buy: 500 shares @ $1.25; 4000 shares @$1.25; 1000 shares @ $1.50; and now, today, 300 shares @ $2.00. Actually, anything under $3.00 is THEFT; from $3.00 to $5.00 is investing with hardly any risk; and from $5.00 to $12.00 is smart investing. Remember, as Bob DeHaven said in an earlier post, to get off the bulletin board and onto the main nasdaq listing, the stock must TRADE at $3.00 for 45 consecutive days. The Brits didn't buy 51% of Megaworld for fun and games. The reverse-split was to get on to the main listing....It doesn't take a genius (but does require a leap of faith) to figure out that they have news which will insure trading at or above $3.00. Remember what George Levy has told other shareholders: the Brits are bringing in assets that will propel the stock to its old pre-split high of $4.00 (now $48.00) a share. Of course the $64,000 dollar question is, 'Do you believe him?' If you do, well, then put your money up and steal this stock at $2.00-$3.00. I don't know if the stock can hit $48.00, but based upon their assets, it's definitely worth $12.00, and upon the announcement of further news (supposedly coming in 1-2 weeks), the stock should spike. 5,000 of the shares purchased Monday were mine, so I now own 20,000 shares post-split..., so don't respond by telling me to buy more--I think I own enough. Good luck. |
